Axos Financial Inc (NYSE:AX) Receives Consensus Rating of “Buy” from Analysts

Axos Financial Inc (NYSE:AX) has received an average rating of “Buy” from the seven research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $26.00.

AX has been the topic of a number of analyst reports. B. Riley cut their target price on Axos Financial from $39.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. ValuEngine cut Axos Financial from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. Wedbush upped their target price on Axos Financial from $21.00 to $27.00 and gave the company an “in-line” rating in a research note on Thursday, April 30th. Zacks Investment Research raised Axos Financial from a “sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Raymond James dropped their price objective on Axos Financial from $27.00 to $23.00 and set a “strong-buy” rating on the stock in a research note on Friday, May 15th.

Institutional investors have recently bought and sold shares of the business. Arden Trust Co purchased a new stake in Axos Financial during the first quarter worth $45,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Axos Financial by 45.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,184 shares of the company’s stock valued at $58,000 after purchasing an additional 994 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Axos Financial during the 1st quarter valued at $62,000. Point72 Hong Kong Ltd purchased a new stake in shares of Axos Financial during the 4th quarter valued at $69,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Axos Financial by 32.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,805 shares of the company’s stock valued at $69,000 after purchasing an additional 943 shares during the last quarter. Institutional investors own 77.30% of the company’s stock.

Shares of AX stock opened at $21.51 on Wednesday. Axos Financial has a 1 year low of $13.69 and a 1 year high of $30.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s 50 day simple moving average is $21.32 and its two-hundred day simple moving average is $23.63. The company has a market cap of $1.28 billion, a PE ratio of 7.42 and a beta of 1.40.

Axos Financial (NYSE:AX) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. Axos Financial had a return on equity of 16.35% and a net margin of 24.87%. The business had revenue of $180.16 million for the quarter, compared to the consensus estimate of $169.23 million. During the same period in the prior year, the business posted $0.84 earnings per share. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities research analysts expect that Axos Financial will post 2.9 EPS for the current year.

About Axos Financial

Axos Financial, Inc operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consumer and business checking, demand, savings, and time deposit accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured and commercial lending products; specialty finance factoring products; prime loans to customers secured by new and used automobiles; and term unsecured personal loans to individual borrowers, as well as overdraft lines of credit.

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